"This is a disruptive technology," Anderson says. "It's a game-changer."

"Simply put -- we want this technology on every heavy-truck, military vehicle and consumer hybrid on the road," Avadhany says.

The team has received help from MIT's Venture Mentoring Service, and has been advised by Yet-Ming Chiang, the Kyocera Professor of Ceramics in the Department of Materials Science and Engineering and founder of A123 Systems, a supplier of high-power lithium-ion batteries.